Post
Topic
Board Bitcoin Discussion
Re: What are the pros and cons of gold compared to bitcoin?
by
Die_empty
on 26/03/2024, 13:25:52 UTC
An advantage of gold:
+ Gold can be bought or sold without internet connections and with less technicalities. You just need a scale to check its weight and the transaction can carried out with ease.
+ It is also very popular which makes it easy to be sold or used as collateral for loans.
+ Gold is also less volatile than Bitcoin
+ Many physical industries utilize gold which makes it highly demanded.

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An advantage of bitcoin:

+ Bitcoin is decentralized and cannot be totally regulated.
+ It can easily transferred from one person to another.
+ Bitcoin is divisible and can be easily sold or bought.
+It can easily be used to legally avoid tax since many countries don't tax it.